17.2%
16.2%
11.4%
-5.4%
<0%
0% to 2.5%
2.5% to 5%
>5%
US Real GDP Year-Over-Year Percent Change
Average Annual Stock Return in Year Preceding GDP Change
Stocks lead the economy and can thrive whether economic growth is fast or slow
Source: FactSet, Global Financial Data, as of 2/2/2023. Average S&P 500 Total Return Index annual returns categorized by US real GDP annual percent changes of the following year, 1970–2022